Cubus Lux plc                                 

                        ("Cubus Lux" or the "Company")                         

                              Directorate changes                              

The Board of Cubus Lux announces the following board changes:

 1. The appointment at today's AGM of Francisco Alvarez Molina as a
    non-executive Director; and
   
 2. The resignation from the Board of Haggai Ravid, who retired by rotation at
    today's AGM, and due to other commitments did not seek re-election.
   
Francisco Alvarez Molina (known as Paco) brings with him significant experience
in financial markets, having held the position of chief financial officer of
the Valencia Stock Exchange from 1995 until 2000. Prior to that, he worked for
the Paris Bourse Stock Exchange for 23 years. As vice president between 1992
and 1995, he was responsible for the international relationships of the Paris
Bourse having previously headed the team which designed and implemented the
current trading platform NSC which has been adopted by Euronext. More recently,
in 2003 Francisco set up ETICA Soluciones Financieras, an independent company
offering financial services to entrepreneurs and individual investors, after a
spell as deputy manager of Banco Inversion, which he joined in December 2003 to
develop the bank's strategy in Spain following its acquisition by the HVB
Group.

In addition, Paco is the author of 3 economics books, has a PhD in electronics
applied to finance (Paris Sorbonne University), an MBA from the INSEAD
(Fontainebleau) and has received the following accolades:

- 1997 - president of the Fundacion de Estudios Bursatiles y Financieros

- 1998 - president of the European Association of Financial Centres

- 2000 - he was designated as `the economic man of the year' within the
Valencia region by the regional government

- 2001 - nominated `Chevalier de l'Ordre du Merit Civil' by the French
government for the activities developed to promote the French economical
aspects around the world.

Paco's directorships are:

Current                         Last five years                            
                                                                           
Etica Soluciones Financieras SA Promociones y Construcciones Ventillo SL   
Gesfesa Valencia SA             Banco Inversion SA                         
Hispanet Tesoreria Sicav SA                                                
Encinafres SL                                                              
Ediciones Cybermonde SL                                                    
Eco3 Multimedia SA                                                         
Air Keeper SL                                                              
Instituto Financiero Anaf SL                                               

Save as set out above, there are no other disclosures in respect of these
changes that fall to be made under Rule 17 or paragraph (g) of Schedule 2 to
the AIM Rules for Companies.

For further information please see www.cubuslux.com or contact:

Steve McCann
Cubus Lux plc
+385 (0)99 214 9636

Simon Sacerdoti/Liam Murray, Nominated Adviser
Dowgate Capital Advisers Limited
+44 (0)20 7492 4777

Kealan Doyle, Broker
Lewis Charles Securities Limited
+44 (0)20 7456 9100

Pam Spooner
City Road Communications
+44 (0) 20 7248 8010
+44 (0)7858 477 747



END
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